Mortgage lending has changed considerably over the past 70 years. One of the areas that have changed the most has been the administration of escrow accounts and the related functions of taxes and insurance. During the past decade, there have been drastic changes in the manner in which lenders must administer and account for escrows. This course will describe important issues related to escrow administration as it is used today. After completing this course, students will have learned the purpose and major components of escrow; ecrow analysis; escrow analysis method and procedure; key aspects of hazard insurance and guidelines for acceptable hazard insurance coverage; the purpose of mortgage insurance and various aspects about HUD/FHA loans and MIPs; the three basic types of real estate taxes and problems the lender may face in administering the tax payment process; and escrow concerns during a servicing transfer and other related issues. 
   
NOTES:  This is a self-paced, self-study course. Enroll anytime and take up to 8 months to complete the course.